Market Recovery
A 100% commercial mortgage has been launched for the Medical Sector. This includes surgeries, pharmacies, opticians, care homes and nursing homes. Rates are comparable to residential mortgages so it is encouraging to see further movement within the marketplace.
The Enterprise Finance Guarantee
This continues to be expanded with one high street lender announcing that a further £88m is now available – Multiple bureaucratic hoops to jump through but this finance could assist where a lender cannot fully take a risk on a business proposal.
Tax Relief extensions
The pre-budget report announced that during 2010 – 2011 empty commercial properties will have tax relief, with those having a rateable value below £18,000 being exempt from business rates. There is also a deferral of the increase in corporation tax for smaller companies along with the Time To Pay Scheme being extended for `as long as is needed’.
(Image and Article credit: Copyright SUF)